Yeah, it's a new year but......
Monday, January 26
Where do I start, better yet, lets just make this simple. When underwriting a commercial real estate deal right now, utilize the following info and then decide if you can stomach the terms:Cap Rates: Sub 8% will be laughed at by most life company sources. Once you get outside the 4 main food g...
Hotel Financing
Monday, December 29
It appears some hotel lenders are coming out of the shadows. Some of the intial loan paramaters I am seeing are as follows: 85% LTV on purchases via SBA65% LTV on conventional loans for purchases60% LTV on conventional refis60% LTV on conventional construction80% LTV on SBA construction 5-20...
Commercial Financing 101
Sunday, December 14
Not a day goes by right now that I don't get a call from a new client stating that they are looking for long term, fixed rate mortgage financing from their local banker, and the best they can get is a 5 year deal, if anything. And to add insult to injury, the banker is trying to convince them tha...